Form T 121 PDF Details

The Assumption Program of Loans for Education (APLE) plays a pivotal role in the support system for educators within California, easing the financial burden of educational loans. Central to this program is the T-121 form, a document that bridges communication between the California Student Aid Commission, lending institutions, and participants seeking debt assumption benefits. Essentially, this form serves as a verification tool, ensuring that the Commission receives accurate loan balance information from lenders. Through a carefully structured process, the form prompts participants to authorize the release of their loan details to the Commission, followed by a section for lenders to complete, specifying loan amounts, interest rates, and other critical financial data. Completing this form is a crucial step for participants, as it triggers the Commission's review of their eligibility for the APLE program. If approved, the assumption payment—an eagerly awaited financial relief—will be dispatched to the designated lending institution. Understanding the T-121 form reveals not just the practical steps of engaging with the APLE program, but also highlights the collaborative effort between educational borrowers, lending entities, and state bodies committed to the advancement of California's educators.

QuestionAnswer
Form NameForm T 121
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesE-MAIL, SSN, balance verification letter, California

Form Preview Example

ASSUMPTION PROGRAM OF LOANS FOR EDUCATION (APLE)

2012 Loan Balance Verification Form

LENDERS MUST COMPLETE AND RETURN THIS FORM TO:

California Student Aid Commission – Specialized Programs P.O. Box 419029, Rancho Cordova, CA 95741-9029 (888) 224-7268 #3 Fax (916) 464-7977

The California Student Aid Commission (Commission) is authorized to assume portions of the following APLE participant’s educational loan debts. If the Commission determines that the participant is eligible for APLE benefits, an assumption payment will be issued.

SECTION I: TO BE COMPLETED BY PARTICIPANT (please print or type)

I hereby authorize a lending institution official to complete and release, to the Commission, the information requested below.

PARTICIPANT'S NAME

PARTICIPANT'S SSN

PARTICIPANT'S SIGNATURE

DATE

AFTER YOU HAVE COMPLETED SECTION I,

FORWARD THIS FORM TO YOUR LENDER TO COMPLETE SECTION II.

SECTION II: TO BE COMPLETED BY A LENDING INSTITUTION OFFICIAL (please print or type)

~IF THE LOAN HAS BEEN SOLD, PLEASE FORWARD THIS FORM TO THE NEW LENDER/SERVICER~

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMMISSION/EDFUND

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONSOLIDATED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IF DEFAULT

 

 

 

LOAN

 

 

SUB OR

 

INTEREST

 

DISBURSEMENT

 

JUNE 30, 2012

 

GUARANTEED

 

 

 

 

 

 

 

 

 

 

 

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ACCOUNT #

 

TYPE

 

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UNSUB

 

RATE

 

DATE

 

PAYOFF AMOUNT

 

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PLEASE INDICATE WHERE THE APLE PAYMENT IS TO BE SENT:

 

 

 

 

 

 

 

TOTAL:

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LENDER/SERVICER NAME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7 DIGIT LENDER CODE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADDRESS WHERE PAYMENT IS TO BE SENT

 

 

 

 

 

 

 

CITY

 

 

 

 

 

 

STATE

 

 

 

 

ZIP

 

 

 

 

 

By my signature, I certify under penalty of perjury that the information provided on this form is, to the best of my knowledge, correct and accurate.

SIGNATURE OF LENDING INSTITUTION OFFICIAL

E-MAIL ADDRESS

T-121 (01/12)

PRINTED NAME OF OFFICIAL

TELEPHONE NUMBER

DATE

How to Edit Form T 121 Online for Free

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Completing part 1 in UNSUB

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Filling out segment 2 of UNSUB

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